The financial statements of Amanat Holding Company showed that the company has shifted to losses in the first nine months of this year compared to profits for the same period in 2019.
According to the company's results for the Dubai Financial Market, today, Monday, losses for the period amounted to 11.9 million dirhams, compared to profits of 33.4 million dirhams for the first nine months of last year.
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The company attributed the negative shift in results during the comparison periods to recording losses from the share in the results of sister companies by 827 thousand dirhams, in exchange for profits of 30 million dirhams during the nine months. First from the previous year.
and the decline in other operating income led to 1.6 million dirhams compared to 9.8 million dirhams during the same period of the previous year, an increase in general and administrative expenses by 5%, and a decrease in financing income 7% in the company's incurring losses
The company's losses jumped by 635.3% during the third quarter of this year, to reach 12.5 million dirhams, compared to 1.7 million dirhams losses for the same period in 2019.
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